According to a new report, published by KBV research, The Global Pulse Oximeter Market size is expected to reach $3.4 billion by 2030, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 14,043.6 thousand units, experiencing a growth of 18.0% (2019-2022).
The Hospitals & Clinics segment is leading the Global Pulse Oximeter Market by End User in 2022; thereby, achieving a market value of $1.8 billion by 2030. Hospitals are the primary care settings for patients with various medical conditions, including those requiring continuous monitoring of vital signs. Pulse oximeters are crucial for monitoring patients' oxygen saturation levels, especially in critical care units, post-surgery recovery, and emergency departments. These factors will boost the demand in the segment.
The Handheld segment is registering a CAGR of 6% during (2023 - 2030). Handheld pulse oximeters offer portability and convenience, making them suitable for use in various settings, including home care, ambulances, and point-of-care environments. The ease of use and portability make them attractive to healthcare professionals and individuals. These factors will assist in the expansion of the segment.
The North America region dominated the Global Pulse Oximeter Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.2 billion by 2030. The Europe region is anticipating a CAGR of 5.9% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 6.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/pulse-oximeter-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hill-Rom Holdings, Inc. (Welch Allyn) (Baxter International, Inc.), GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Nonin Medical, Inc., ICU Medical, Inc. (Smiths Medical), Medtronic PLC, OSI Systems, Inc. (Spacelabs Healthcare), Nihon Kohden Corporation, Meditech Equipment Co.,Ltd (Meditech Group), and Honeywell International, Inc.
By End User (Volume, Thousand Units, USD billion, 2019-2030)
By Type (Volume, Thousand Units, USD billion, 2019-2030)
By Geography (Volume, Thousand Units, USD billion, 2019-2030)
Companies Profiled